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L3harris Overview Use of U.S. DoD visual information does not imply or constitute DoD endorsement. L3HARRIS OVERVIEW March 2021 Forward looking statements Statements in this presentation that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this presentation include but are not limited to: statements regarding synergies, synergy or free cash flow targets, value creation or cash flow growth; statements regarding shareholder friendly capital allocation, including dividend and share repurchase expectations; statements regarding organizational model or leveraging cross segment capabilities; statements regarding revenue growth or margin expansion; statements regarding the company’s solutions or capabilities; other statements about the combination of L3 and Harris and anticipated benefits therefrom, including estimated synergies, the effects of the combination, including on future financial and operating results, and the integration of operations; and other statements regarding outlook or that are not historical facts. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The company's consolidated results, future trends and forward-looking statements could be affected by many factors, risks and uncertainties, including but not limited to: risks related to disruption of management time from ongoing business operations due to the combination of L3 and Harris; risks related to the inability to realize benefits or to implement integration plans and other consequences associated with the combination; the risk that any announcements relating to the combination could have adverse effects on the market price of the company’s common stock; the risk that the combination could have an adverse effect on the company’s ability to retain customers and retain and hire key personnel and maintain relationships with suppliers and customers, including the U.S. Government and other governments, and on its operating results and businesses generally; the loss of the company’s relationship with the U.S. Government or a change or reduction in U.S. Government funding; potential changes in U.S. Government or customer priorities and requirements (including potential deferrals of awards, terminations, reductions of expenditures, changes to respond to the priorities of Congress and the Administration, budgetary constraints, debt ceiling implications, sequestration, and cost-cutting initiatives); a security breach, through cyber attack or otherwise, or other significant disruptions of the company’s IT networks and systems or those the company operates for customers; the level of returns on defined benefit plan assets and changes in interest rates; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; changes in estimates used in accounting for the company’s programs; financial and government and regulatory risks relating to international sales and operations; effects of any non-compliance with laws; the company’s ability to continue to develop new products that achieve market acceptance; the consequences of uncertain economic conditions and future geo-political events; strategic acquisitions and divestitures and the risks and uncertainties related thereto, including the company’s ability to manage and integrate acquired businesses and realize expected benefits and the potential disruption to relationships with employees, suppliers and customers, including the U.S. Government, and to the company’s business generally; performance of the company’s subcontractors and suppliers; potential claims related to infringement of intellectual property rights or environmental remediation or other contingencies, litigation and legal matters and the ultimate outcome thereof; risks inherent in developing new and complex technologies and/or that may not be covered adequately by insurance or indemnity; changes in the company’s effective tax rate; significant indebtedness and unfunded pension liability and potential downgrades in the company’s credit ratings; unforeseen environmental matters; natural disasters or other disruptions affecting the company’s operations; changes in future business or other market conditions that could cause business investments and/or recorded goodwill or other long-term assets to become impaired; the company’s ability to attract and retain key employees, maintain reasonable relationships with unionized employees and manage escalating costs of providing employee health care; and potential tax, indemnification and other liabilities and exposures related to Exelis’ spin-off of Vectrus, Inc. and Exelis’ spin-off from ITT Corporation. Further information relating to these and other factors that may impact the company's results, future trends and forward-looking statements are disclosed in the company's filings with the SEC. The forward-looking statements contained in this presentation are made as of the date of this presentation, and the company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Person receiving this presentation are cautioned not to place undue reliance on forward-looking statements. L3HARRIS L3Harris – a technology innovator L3Harris has the scale, resources and capabilities to provide“ affordable, “innovative and rapidly fielded solutions to address our customers’ critical mission needs. – Bill Brown As L3Harris we will push technology boundaries and focus our “ resources “where they will have the biggest impact Bill Brown for our customers. We’ll move fast to Chris Kubasik Chair and Chief meet customer needs. Executive Officer Vice Chair, President and Chief Operating Officer – Chris Kubasik Watch Video L3HARRIS 3 L3Harris – committed to excellence L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com. Diversified Strong customer Talent and culture Global scale in more business mix relationships of innovation than 100 countries Sub International ~24.0 37% Prime ~19.0 63% Cost 22% Plus DoD 58% 24% Other 20% Engineers & Cleared Fixed 76% U.S. Scientists personnel Price ('000s) ('000s) L3HARRIS 4 Four mission-aligned segments Integrated Mission Space & Airborne Communication Aviation Systems Systems Systems Systems $3.9B$5.5B $3.9B$4.9B $3.9B$4.4B $3.9B$3.4B Sean Stackley Ed Zoiss Dana Mehnert Todd Gautier President, President, President, President, Integrated Mission Space & Airborne Communication Aviation Systems Systems Systems Systems Leading technology integrator to Mission solutions for space and Secure ground and airborne Commercial and military aviation U.S. and international militaries for airborne domain with defense, communications and network solutions, systems, networks and complex ISR airborne and maritime intelligence and commercial systems for U.S. military, pilot training platforms applications international forces and commercial customers Headquarters Headquarters Headquarters Headquarters Palm Bay, Florida Palm Bay, Florida Rochester, New York Arlington, Texas L3HARRIS 5 Global footprint* CUSTOMERS IN *LOCATIONS IN MORE THAN ~ 350 ~48K ~ EMPLOYEES 30 LOCATIONS 100 COUNTRIES COUNTRIES L3HARRIS 6 Integrated Mission Systems ISR 2020 2019 Advanced integrated Revenue Op Margin communications intelligence (COMINT), $5.5B ~12.9% electronic intelligence (ELINT) and targeting mission systems for strategic and tactical aircraft platforms Maritime Electro-Optical Electrical and electronic systems and integration for large naval platforms ISR Maritime Electro-Optical Advanced Electro-Optic / Infrared (EO/IR), laser imaging and targeting sensor systems © Anthony PECCI L3HARRIS 7 Space and Airborne Systems Space Payloads, sensors and 2020 2019 full-mission solutions for Revenue Op Margin classified, civil and $4.9B ~18.5% commercial customers Intel and Cyber Situational awareness, optical networks and advanced wireless Electronic solutions Warfare Avionics Sensors, hardened Space electronics, release Avionics systems, data links and antennas supporting fixed wing and rotary platforms Intel & Cyber Electronic Warfare Multi-spectral situational awareness, threat warning and countermeasures capabilities for airborne and maritime platforms L3HARRIS 8 Communication Systems Tactical Communications 2020 2019 Radio communications, Revenue Op Margin SATCOM terminals and battlefield management networks for U.S. and $4.4B ~22.3% international defense customers Broadband Communications Secured mobile networked Public communication equipment Safety and integration Integrated Vision Systems Integrated Vision Systems Tactical Communications Full suite of helmet and weapon-mounted integrated systems for
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